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Impulse

Weekly Trading Recap: USDJPY, EURJPY, XRPUSD, Sept 11 2021Hello everyone: Welcome back to this week’s trading recap video. Let's take a look at the trades entered/closed this week from me. I will explain my approach on the entry, SL, TP and management. USDJPY: First Entry: +1% profit. Second Entry: Running about -0.5% loss Full analysis/forecast: EURJPY: First Entry - 1% loss Second entry -Running about +3% profit Full analysis/forecast: XRPUSD: Closed down for +1.5% profit Full analysis/forecast: Any questions, comments or feedback please let me know. :) Thank you Jojo
by jojofang0901
22
USDJPY Watch For Reversal Bearish Price Action Hello everyone: Also eyeing USDJPY for the JPY strengths in the market. From my previous analysis at the top of the expanding structure, price did impulse down very aggressively. After a strong impulse down, price begin its corrective phase, and we are getting this parallels channel structure, as price continues to correct within. The more swing highs and lows that we can identify, the better it is to recognize that we are in a consolidation correction, and there is good probability that the bearish price can resume after the correction completes. Now that price is at a lower time frame double tops, and consolidation at the top, good to look out for any reversal price action to form and complete, then look for sell entries down to the lows. thank you
Short
by jojofang0901
38
EURJPY Multi-Time Frame Price Action Analysis, and Backtesting Hi everyone: Let's take a detailed look into EURJPY’s current price action, what my analysis and forecast so far, and do some backtesting on previous prices to give us a positive outlook on the potential bearish continuation price. Starting from the Higher time frame, clear double tops, and ascending channel reversal are very noticeable. Then the price had a bearish reversal impulse phase, pushing the price down. After we begin to see a consolidation, forming a potential expanding correction, which can give us opportunity for a continuation of the bearish move. Following up on my EURJPY analysis I post, I took 2 entries so far: First trade - 1% loss Price wasn't ready to reverse and correctively move sideways/up, tagged me out for a loss. Second Trade - Enter after a rising wedge, “M” style reversal correction. Currenting Running about +2% Original Full analysis/forecast: So 2 TP to look out for are: Now, let's do some backtesting on the EURJPY previous price action. From the Higher Time Frame: Similar price action in the past, can provide us a higher probability trade to enter for the downside. The more backtesting we do, the more confidence we get at identifying the next potential impulse phase where we can capitalize. Any questions, comments, or feedback welcome to let me know :) Thank you Some backtesting video I made in the past: Backtesting & Chartwork on Forex Market Backtesting & Chartwork on Indices Market Backtesting & Chartwork on Crypto Market How & Why I backtest: Prevent Blowing an account by backtesting:
Short
by jojofang0901
52
EURJPY Another Sell Setups Hi traders: Looking at EURJPY here for a potential continuation bearish price action. We can see after the impulse phase from the top, price correct into an expanding structure. Within a few swing highs and lows, double tops, combining with a rising wedge reversal, giving me a bearish price action confirmation. Now that price has broken down from the wedge, watch for lower time frame bearish continuation correction for possible entries down the the recent lows. thank you
Short
by jojofang0901
39
BTC/USDT Correction Prediction We experienced a massive dump/correction couple days ago. This was expected as Bitcoin pump to 52k very quickly. We might see an impulse then another correction (may be more) before BTC turn bullish. I have broken into different zones according to supply and demand based on fear and greed - Buy zone (Support) - This is a zone where there is high fear where retail investors do nothing, but whales and institutional investors buy and pumping the price up FOMO zone - where retail invest buying after the pump/reversal Sell zone (Resistance) - Where big players take profit where high Greed According to this we might see an impulse towards FOMO/Sell zone then a correction toward the Buy zone 1 again. If that is breached then we can see the price dropping to Buy zone 2. This is not financial advice please DYOR
by CryptoCafeClub
1
LTC Further Up Move After Consolidations Hi traders: From my previous LTC analysis/outlook, we see price does indeed form the bullish correction and push the price higher. Now that price has impulse above the previous highs, there's good opportunities for another buy opportunity. Price is likely to consolidate here and form into a bullish continuation correction structure, so be patient and wait for price development Once price completes the correction, expect another up move to the next highs as a potential target. Thank you
BITSTAMP:LTCUSDLong
by jojofang0901
30
MATIC Bullish Up Move is Promising, Wait for Confirmation buy Hi everyone: Also eyeing MATIC's bullish price action for another long opportunity. We can see from my previous outlook, price indeed reverse from the falling wedge structure, and bullish impulse up. Price is hovering around the previous highs, but in a consolidation, which is a good indication for another move after the correction completes. As always be patient here as price can potentially create a longer/deeper correction, so wait for confirmation correction completes before adding into the buys. Thank you
MLong
by jojofang0901
25
NZDCAD Watch for Bearish Price Action to sell Hi traders: Also eyeing NZDCAD's bearish price action to confirm the downside move. Here we can see after the strong bearish impulse down from the top, price begin its consolidations. We can see a clear parallel channel forming, with a few swing highs and lows. Latest price also give us a potential double tops, lower time frame ascending channel to the top of current structure. Wait for the reversal bearish impulse to push down the price, follow by bearish continuation correction on the lower time frame before entry. If price does not develop the bearish scenario above, then no entry, no trade, move on to other opportunity. Thank you
Short
by jojofang0901
17
Weekly Trading Recap: XRPUSD, EURUSD, SILVER, AUDNZD Sep 04 2021Hello everyone: Welcome back to this week’s trading recap video. Let's take a look at the trades entered/closed this week from me. I will explain my approach on the entry, SL, TP and management. XRPUSD: Running about +2% profit Full analysis/forecast: EURUSD: 2 positions out for +7.9% profit Full analysis/forecast: SILVER: out for +0.25% profit Full analysis/forecast: USDJPY: out for BE Full analysis/forecast: AUDNZD: - 1% loss Full analysis/forecast: Any questions, comments or feedback please let me know. :) Thank you Jojo
BITSTAMP:XRPUSD
by jojofang0901
38
LINKUSD Short Term Bullish Up Move Hi everyone: Also paying attention to LINK as we have similar bullish reversal price action on the LTF. After price dropped down from the bearish sell off, we see a descending structure forming, correcting the price within. Its a good indication that we have double bottoms, bullish reversal impulse to break out of the descending price action. This give us a good confluence that the bearish momentum may be exhausted, and we can expect some short term up move. Now that the LTF price has a clear impulse up, wait for a continuation correction to form and complete, before jumping in on the buy to recent highs. thank you
COINBASE:LINKUSDLong
by jojofang0901
29
Ripple Bullish Continuation Price Action Hi everyone: Ripple has a clean bullish price action on the lower time frames, and is also align with the overall higher time frame bullish outlook as well. We can see a strong HTF bullish impulse up move, and now the price is in a larger continuation correction structure. With a few swing highs and lows, price made a double bottoms, and a bullish reversal out of the smaller, LTF descending channel. Now that price has indeed impulse up, and formed LTF continuation correction, good to look for entries now to the top of the HTF correction. Thank you
BITSTAMP:XRPUSDLong
by jojofang0901
15
EURUSD Did You Buy from the bottom ? What to expect now ? Hi everyone: Let's take a detailed look into EURUSD bullish up move since last week, and what to expect from the current price action moving forward. We can start off by looking at the HTF overall price action, and properly identify the corrective phase on the HTF could be potentially finished, and the next impulse up move can begin. Start looking at the LTF price action, there are many reversal price action developments at the bottom to give us clues on the bullish reversal potential. Once price had the first initial impulse phase on the LTF, we start to see further upside from the price, as they continue to form bullish corrections, followed by bullish impulse and so on. Now that price has broken above the previous high, around 1.18, no signs of slowing down at the current stage. So what can we expect now from the price ? Preferably is to see if price has enough momentum to break above the top of the HTF descending structure, and continue to form bullish correction to push to the next highs. Alternatively, if price fails to break out, and there are LTF reversal price action at the top of the structure, then look to secure profit by moving up the SL and observe the price. Take a look at DXY, we can also see clear USD weakness can happen. As a good risk management, focusing on the best 1-2 USD pairs to evolve would be ideal. Any questions, comments or feedback welcome to let me know thank you :)
Long
by jojofang0901
48
How to use trendline to identify price action structure/patternHi everyone: Many have asked me about how to properly use trendlines to identify price action structures and patterns. So in today’s educational video, I will go over this topic in more detail. First, I use the trendline as a “frame” to identify structures and patterns, and NOT use it as a Support/Resistance. What I do is to put in the trendline for the highs and lows of the price action that can help me to pinpoint what the price is doing, what kind of a correctional structure that it is currently in. Typically after an impulse phase of the market, then we start to identify a structure/pattern by connecting the swing highs and lows. Second, as I always point out in my videos/streams, a structure/pattern needs at least 2 swing highs and lows to classify as a structure. Certainly more swing highs and lows are good, but it's not necessary. Often I get asked about the “third touch” or more. To me it's not necessary, but if price does form the third touch, I would proceed the same as the price has a second touch. Third, we are identifying the price action correctional structure, and sometimes the market is not perfect, it will not give you a textbook looking bullish flag as an example. Hence the backtesting and chartwork from each trader is important to get your mind familiarized with the market and its “imperfect” development of the price action. After identifying the impulse phase, then look to see what the market is doing. Is it falling into a consolidation ? Not much movement except sideway price action, or ascending/descending like consolidation will give you a clue on whether the price is correcting to continue, or correcting to reverse. Take a look at the educational videos I have made in the past regarding the type of correctional structures we typically see in the market. All the videos are down below. Continue to backtest and do chart work to get familiar with drawing in the structures/patterns. The more you do these, the better and easier it is for you to identify them in your trading journey. Remember, the market is not perfect, so not all the structures/patterns will be “Textbook” like on the real, live market. Learn to deal with the “imperfect” market, so you can better utilize price action analysis to your advantage. Any questions, comments or feedback welcome to let me know :) Thank you Below are all my price action structures/patterns videos on different type of corrections. Continuation and Reversal Correction Identify a correction for the next impulse move in price action analysis Impulse VS Correction Multi-time frame analysis Continuation Bull/Bear Flag Parallel Channel (Horizontal, Ascending, Descending) Reversal Ascending/Descending Channel Reversal Rising/Falling Wedge Reversal Double Top/Bottom Reversal Head & Shoulder Pattern Reversal “M” and “W” style pattern Reversal Impulse Price Action Continuation/Reversal Expanding Structure/Pattern
OANDA:XAUUSDEducation
by jojofang0901
61
DOGE More Continuation, Watch for buys Hi traders: From my previous DOGE analysis, price was able to push higher with smaller, lower time frame continuation corrections. Now we can see a bigger consolidations, and another bullish flag correction is formed. With a few swing highs and lows to form a correction, we also have an inverse Head and Shoulder on the bottom, and price is looking clean for another impulse phase. Watch the LTF price action for the upside move, and possible scale in once price does impulse out of the continuation correction. thank you
BITTREX:DOGEUSDLong
by jojofang0901
53
Weekly Trading Recap: EURUSD, SILVER,CARDANO August 29 2021Hello everyone: Welcome back to this week’s trading recap video. Let's take a look at the trades entered/closed this week from me. I will explain my approach on the entry, SL, TP and management. EURUSD: 2 positions running for +5.5% profit Full analysis/forecast: SILVER: Running position, +0.5% profit Full analysis/forecast: ADAUSD: 2 positions closed down for BE total Full analysis/forecast: Any questions, comments or feedback please let me know. :) Thank you Jojo
by jojofang0901
28
Silver Bullish Up Side, Dont miss the buy Hi traders: Was on a mini vacation during the week, so not many posts from me :) However, still in both of my EURUSD positions and manage get in on Silver as well. We can see after the bearish impulse down, price didn't not form continuation to go down further, instead, its a bullish reversal impulse phase. Then price begin to form into a bigger flag/channel correction to correct the bullish up move, good sign of a continuation price action. After a few swings highs and lows, double bottoms, price pushed up, and created a smaller bullish continuation correction. Look for further upside with any lower time frame continuation price action to push the price higher to the swing highs as potential target. thank you
OANDA:XAGUSDLong
by jojofang0901
25
USD Index Bearish Outlook Price Action Analysis Hi everyone: As we can see the current EURUSD price action is pushing to the upside, manage to still hold onto the 2 positions I have. We know DXY will have inverse price action like EURUSD, so lets take a closer look now. After the strong bearish move down on the higher time frame, price naturally needs to correct for a period of time if we are going to see further downside from the price. We can see price started to form the higher time frame flag/channel correction, correcting within. Latest price is started to give us more positive confluence for a bearish outlook. There is a clear few swing highs and lows of the price, with a double tops. On the lower time frame price once again formed an ascending channel reversal, reverse down from the double tops, and top of the HTF structure. We then see a clear bearish impulse pushed down, and continuation correction was form on the lower time frame. Be on the look out for further downside price action next few days to push the price down to the lows. thank you
TVC:DXYShort
by jojofang0901
31
Daily & H4 Bullish SetupsWhen you look at the daily time frame on Gold , marked in orange, you can see the impulse on the left, the corrective structure and a break of that corrective structure to the upside. The price pulled back after the break and is currently forming the same setup on the H4 time frame, marked in pink. This will confirm the bigger move and price is currently trading at the resistance of the structure. It is however important to note that there is the Jackson Hole Symposium today which could cause big market moves so it would likely be advisable to look at entering this trader after the market has calmed down from the news. I am already in a long position but will add into it when the H4 structure breaks to the upside. Happy Trading! Linton White QuickTrade This information is not intended as advice or as a trading signal. Should you use this information in any way whatsoever, you do so at your own personal discretion.
FX_IDC:XAUUSDLong
by Linton_White